I used to watch Fast Money and Options Action a lot but now when I watch them they usually put me to sleep. Sometimes I'd get good trading ideas to research further or at least some stocks I might want to watch. I do like to watch David Faber and Cramer before the open to kind of get a read on what happened overnight and what some of themes/sentiment in the market might be for the day. But I never base any of my actual trades on what I catch on CNBC, it just keeps me infotained before the open.
for some reason I am enjoying this thread, and have the time,
I too, did same, premarket. I find Bloomberg TV provides an essential snapshot of the premarket and European session in advance of the US Sessions.
I especially appreciate their 2day charts snapshots on all the primary markets and commodities.
Often times, when I would trade in session with others, my disposition would be coloured by what I had taken in, as a feel for the day and atmosphere for the markets (an invaluable insight and disposition). Often times, whether it was Gabe, or others, would take either a normalized approach towards a market based on fib analysis or otherwise, I would be taking a counter approach based on news, market sentiments and trading atmosphere / temperament.
There is something of a repetitive aspect to wave of huge volumes that last, sometimes three days, depending upon which day of the week they get started. Many times, when those super waves are evident, then they override normalized market based news or sentiment. Knowing the hierarchy to news related dispositions and trading proves more defensive than proactive in knowing how your selected vehicles react. For example, for equities, unless the market news effects that category of the company's products, stocks don't react to most news events, save for entire market moving events, like Federal Reserve / interest rate / currency rate news.
All of the financial network shows are just one thing >> a Circus .
It is the DISTRACTION Circus. It is just there to DISTRACT the naive and/ or less sophisticated - in other words people that are new to the markets and haven't developed themselves and their systems.
It is a PURE DISTRACTION B.S. CIRCUS. Just like the Circus - it has a lot of lights and shows and people talking and doing things BUT at least a real circus you see some Clowns doing silly things and you can laugh.
In FINANCE Shows you see Clowns also... but they are not funny -- just silly, ridiculous and totally worthless for traders and investors >>>> BUT after you realize that >>> then you laugh
REMEMBER PEOPLE >>>
EXPOSE YOURSELF TO TRUTH AND TRUTH ONLY
Forget the Distraction Circus >> Drop the B.S.
You guys should read the book
Power Vs. Force by Dr. David Hawkins Awesome , awesome book. I think a lot of you guys will love it..
I tune in just to catch important reports - such as NFP, etc. I simultaneously watch my charts to see how the market reacts to the report. I use this to decide whether to trade or stand aside. If it's a tepid response I'll trade, if it's a violent response I'll walk away and find something else to do.